Cyprus GDP Annual Growth Rate  1996-2017 | Data | Chart | Calendar

Cyprus' gross domestic product advanced by a seasonally adjusted 2.9 percent year-on-year in the fourth quarter of 2016, the same as in the previous period and better than a preliminary estimate of 2.8 percent expansion. Fixed investment grew 69.3 percent (-2.7 percent in Q3), household consumption rose 3.1 percent (3.4 percent in Q3) while government spending fell 0.7 percent (-1.3 percent in Q3). Exports edged up 0.1 percent (7.9 percent in Q3) while imports jumped 20.8 percent (-0.7 percent in Q3). On a quarterly basis, the economy advanced 0.7 percent, also better than a flash reading of 0.5 percent growth. GDP Annual Growth Rate in Cyprus averaged 2.11 percent from 1996 until 2016, reaching an all time high of 6.30 percent in the second quarter of 2000 and a record low of -6.90 percent in the second quarter of 2013.

Cyprus GDP Annual Growth Rate
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Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-12-09 10:15 AM Q3 2.9% 2.8% 2.8% 2.8%
2017-02-14 10:00 AM Q4 2.8% 2.9% 2.8%
2017-03-10 10:05 AM Q4 2.9% 2.9% 2.8% 2.8%
2017-05-15 09:00 AM Q1 2.9% 2.6%
2017-06-09 09:00 AM Q1 2.9% 2.6%
2017-08-14 09:00 AM Q2 2.4%




Cyprus GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.70 0.70 2.50 -2.00 percent [+]
GDP Annual Growth Rate 2.90 2.90 6.30 -6.90 percent [+]
GDP 19.32 23.23 27.49 0.49 USD Billion [+]
GDP Constant Prices 3993.60 3964.50 4218.00 2522.40 EUR Million [+]
Gross National Product 17420.60 16896.00 18054.50 6924.70 EUR Million [+]
Gross Fixed Capital Formation 868.20 519.27 1407.00 -6064.00 EUR Million [+]
GDP per capita 27787.81 26977.63 32651.91 7618.12 USD [+]
GDP per capita PPP 30791.86 29894.10 36181.81 23014.03 USD [+]
GDP From Agriculture 70.10 69.70 101.60 49.50 EUR Million [+]
GDP From Construction 163.50 156.70 409.70 101.80 EUR Million [+]
GDP From Manufacturing 181.31 178.35 262.72 178.35 EUR Million [+]
GDP From Mining 255.90 252.30 350.40 252.30 EUR Million [+]
GDP From Public Administration 353.55 350.22 353.55 135.41 EUR Million [+]
GDP From Services 907.46 905.02 1107.40 602.36 EUR Million [+]


Cyprus GDP Annual Growth Rate Notes

Services including tourism, financial services, and real estate are considered as the backbone of the Cyprus economy, accounting for nearly 80 percent of GDP. Industry accounts for only 10 percent and agriculture for 2 percent. On the expenditure side, household consumption is the main component of GDP and accounts for 70 percent of its total use, followed by government expenditure (16 percent) and gross fixed capital formation (11 percent). Exports of goods and services account for 55 percent of GDP while imports account for 53 percent, adding 2 percent of total GDP. This page provides - Cyprus GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Cyprus GDP Annual Growth Rate - actual data, historical chart and calendar of releases - was last updated on April of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
2.90 2.90 6.30 -6.90 1996 - 2016 percent Quarterly
SA, WDA



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